South Carolina General Assembly
125th Session, 2023-2024
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Indicates Matter Stricken
Indicates New Matter
S. 1050
STATUS INFORMATION
General Bill
Sponsors: Senators Garrett, M. Johnson, Harpootlian, Senn, Malloy, Hutto, Kimbrell, McElveen and Young
Document Path: SR-0122JG24.docx
Introduced in the Senate on February 14, 2024
Banking and Insurance
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 2/14/2024 | Senate | Introduced and read first time (Senate Journal-page 6) |
| 2/14/2024 | Senate | Referred to Committee on Banking and Insurance (Senate Journal-page 6) |
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VERSIONS OF THIS BILL
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-1-20, RELATING TO DEFINITIONS, SO AS TO EXCLUDE LIQUOR LIABILITY POLICIES OR GENERAL LIABILITY INSURANCE POLICIES WITH A LIQUOR LIABILITY ENDORSEMENT FROM THE DEFINITION OF EXEMPT COMMERCIAL POLICIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-1-20(22) of the S.C. Code is amended to read:
(22) "Exempt commercial policies" means policies for commercial insureds as may be provided for in regulation issued by the director. Exempt commercial policies include all property and casualty coverages except for insurance related to credit transactions written through financial institutions. Exempt commercial policies do not include liquor liability policies or general liability insurance policies with a liquor liability endorsement that are required to be maintained by a person licensed or permitted to sell alcoholic beverages for on-premises consumption pursuant to Sections 61-2-145 or Section 61-4-1515(10).
SECTION 2. This act takes effect upon approval by the Governor.
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This web page was last updated on February 14, 2024 at 1:27 PM